The naphthalene market involves the global production, distribution, and use of naphthalene, a white, crystalline hydrocarbon primarily derived from coal tar or petroleum. Naphthalene is mainly used to produce phthalic anhydride, a key ingredient in plasticizers, resins, and dyes. Its applications extend to moth repellents, solvents, and rubber and leather processing. The market is driven by demand in the construction and automotive sectors, particularly in developing economies. However, it faces challenges from regulatory restrictions and shifts towards eco-friendly alternatives. Major market regions include North America, Europe, and Asia-Pacific.
Naphthalene Market Overview
The global naphthalene market is expected to grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031. This report examines the market size, shares, recent trends, competitive intelligence, and future outlook. Increasing usage of naphthalene in the textile industry and concrete admixtures is driving growth, while demand in the paints and coatings, construction, and paper sectors is spiking in the Asia Pacific region. The market is becoming increasingly competitive, with key players such as PCC Rokita SA, Merck Millipore, and RUTGERS Belgium N.V leading the way.
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Naphthalene Market Growth Trends
Naphthalene can be sourced from coal tar and petroleum, with coal tar containing approximately 10% naphthalene compared to just 2% in petroleum. Notably, 90% of the world's naphthalene production relies on coal tar. This compound is primarily used to manufacture other organic compounds, such as phthalic anhydride and naphthalene sulfonates.
The market is driven by the growing demand for naphthalene sulfonate-formaldehyde in concrete admixtures and its increasing use in the textile industry. However, environmental concerns regarding naphthalene use in pesticides and the rising preference for o-xylene over naphthalene in phthalic anhydride production are restraining market growth.
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Naphthalene Market segmented
v By Type: Naphthols, Naphthalene Sulfonate, Phthalic anhydride, and Others
v By Application: Intermediate for Production of Organic Compounds, Low-Volatility Solvents, Moth Repellent, and Others
v By End-Users: Construction, Paper & Pulp, Paints & coatings and Others
v By Region: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa
Naphthalene Market Key Players
§ Carbon Tech Group
§ Apin Chemical Ltd
§ PCC Rokita SA
§ Daikaffil Chemicals India Limited
§ Industrial Quimica del Nalon, S.A., (NalonChem)
§ IWAKI SEIYAKU CO., LTD.
§ RUTGERS Belgium n.v.
§ Compro Shijiazhuang Fine Chemical Co., Ltd.
§ Merck Millipore
§ Wuxi Kinghan Bio-Medical & Chemical Inc.
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